Deere notified of conclusion to foreign business practices investigation

Deere notified of conclusion to foreign business practices investigation
MOLINE, Ill., Jan. 10, 2013 /CNW/ - Deere & Company has been notified in a
letter from the U.S. Securities and Exchange Commission Enforcement Division
staff that it has completed an investigation of Deere and does not plan to
pursue any enforcement action.
In August 2011, news media reported that Deere & Company was subject to an
inquiry concerning alleged payments to foreign officials in Russia and
surrounding countries. At that time, Deere stated that it had received a
request from the SEC that Deere produce documents related to the company's
activities, and those of third parties, in certain foreign countries.
Deere said it fully cooperated with the SEC during the investigation and is
pleased to report this conclusion. The company also stated that Deere remains
committed to its core value of doing business with the highest integrity
around the globe.
Deere & Company (NYSE: DE) is a world leader in providing advanced products
and services and is committed to the success of customers whose work is linked
to the land - those who cultivate, harvest, transform, enrich and build upon
the land to meet the world's dramatically increasing need for food, fuel,
shelter and infrastructure. Since 1837, John Deere has delivered innovative
products of superior quality built on a tradition of integrity. For more
information, visit John Deere at its worldwide website at www.JohnDeere.com.
Ken Golden, Director, Global Public Relations, +1-309-765-5678
http://www.johndeere.com
SOURCE: Deere & Company
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CO: Deere & Company
ST: Illinois
NI: MAC CST ENV
-0- Jan/10/2013 14:01 GMT